MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(N3) Pullback Considered Corrective

SOY TECHS
  • RES 4: $1562.50 - High Jun 9 2022 and a major resistance
  • RES 3: $1546.00 - High Dec 30 2022 and key resistance
  • RES 2: $1541.50 - High Feb 22
  • RES 1: $1501.00/1525.25 - High Apr 19 / High Mar 6
  • PRICE: $1466.50 @ 13:44 BST Apr 20
  • SUP 1: $1440.25 - Low Mar 31
  • SUP 2: $1418.25 - Low Mar 28
  • SUP 3: $1383.75 - Low Mar 24 and a key support
  • SUP 4: $1384.50 - Low Oct 6 2022

Soybean futures maintain a positive theme and the contract traded higher Tuesday. However, price has since pulled back - a correction. Recent gains have resulted in a test of 1500.00. A clear break of this level would open $1525.25, Mar 6 high, ahead of key resistance at 1546.00, Dec 30 2022 high. Key S/T support to watch is at $1440.25, the Mar 31 low. A move lower and a break of this support would highlight the start of a potential bearish phase.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.